https://www.taxtmi.com/acts?id=7087 Customs valuation of imported goods is based on the transaction value, subject to adjustment under the prescribed valuation rules. That value is accepted only where the buyer's use is not restricted except for lawful or public authority restrictions, geographical resale limits, or other limits that do not substantially affect value; the sale is not subject to an unascertainable condition or consideration; no part of subsequent resale proceeds accrues to the seller unless a proper adjustment can be made; and the buyer and seller are not related, or the relationship does not disqualify acceptance under the related-person test. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 07 Jul 2026 18:20:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7087 Customs valuation of imported goods is based on the transaction value, subject to adjustment under the prescribed valuation rules. That value is accepted only where the buyer's use is not restricted except for lawful or public authority restrictions, geographical resale limits, or other limits that do not substantially affect value; the sale is not subject to an unascertainable condition or consideration; no part of subsequent resale proceeds accrues to the seller unless a proper adjustment can be made; and the buyer and seller are not related, or the relationship does not disqualify acceptance under the related-person test. Act-Rules Customs Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7087